Subscribe to the MGMA Podcast Network (https://mgma-podcasts.transistor.fm/subscribe) wherever you listen to episodes.

MGMA Insights: Unlocking HR Strategies for Medical Practice Leaders with Cristy Good

Download MP3
Introduction:
Welcome to another episode of the MGMA Insights Podcast, hosted by Daniel Williams. In this episode, Daniel sits down with Cristy Good, Senior Advisor at MGMA, to chat about the essential Human Resources strategies every medical practice leader should know. Cristy, a former healthcare practice administrator and a co-author of MGMA’s new book, Advanced Strategy for Medical Practice Leaders: Human Resources Management Edition, shares her wealth of experience and practical advice on navigating the complexities of HR in the healthcare industry.

Episode Highlights:
1. Introduction to the HR Management Edition:
   - Daniel and Cristy discuss the new book's release and its significance for medical practice leaders.
   - Emphasis on aligning HR strategies with organizational goals to enhance operational efficiency and regulatory compliance.

2. Cristy’s Journey and Insights:
   - Cristy shares her career path from laboratory work to healthcare practice administration, highlighting how these experiences shaped the book’s content.
   - Key lessons learned from her 20 years in healthcare practice management, focusing on HR’s pivotal role.

3. Major Challenges in HR for Medical Practices:
   - Addressing staffing issues, turnover, and burnout in medical practices.
   - Importance of work-life balance and the role of HR in fostering a supportive work environment.

4. Strategic HR Partnership:
   - How HR can help medical practices achieve their goals by partnering strategically on hiring, compliance, and culture building.
   - Real-life examples of effective HR strategies in practice.

5. Key Performance Indicators (KPIs) for HR:
   - Discussion on essential KPIs such as employee turnover rate, time to fill positions, compliance training, and absentee rate.
   - Importance of tracking these metrics to ensure a high-performing and compliant workforce.

6. Evolution of HR in Healthcare:
   - The impact of AI and technology on HR practices, including recruitment and predictive analytics.
   - Future trends in HR, such as flexible work arrangements and integrating social determinants of health.

Quotes:
- “I learned by drinking from a fire hose. I made mistakes and learned from them, and I wanted to share that knowledge to help others.” – Cristy Good
- “HR needs to align with organizational goals. They help set these goals, ensure regulatory compliance, and enhance operational efficiency.” – Cristy Good
- “You don’t want to take the 'human' out of human resources. AI can help, but we need to use it wisely and maintain the human element.” – Cristy Good

Resources and Links:
- MGMA “Ask an Advisor” Feature: Go to MGMA.com and click on the green "Ask MGMA" button in the bottom right-hand corner of your screen
- New Book! "Advanced Strategy for Medical Practice Leaders: Human Resources Management Edition"
- Join the MGMA Managing Stress Community Group: Email Daniel Williams at dwilliams@mgma.com or Cristy Good at cgood@mgma.com to join the ongoing stress management sessions.

NotifyMD Podcast Ad
This episode is brought to you by NotifyMD — the patient access solution built for healthcare professionals. You work hard to care for your patients, and NotifyMD helps you do just that. Their communication experts handle calls, schedule appointments, provide nurse triage, and more — all available 24/7. NotifyMD integrates seamlessly with platforms like athenahealth and Epic and meets the industry’s highest security standards, so you can trust that patient information stays private and protected. Learn more at notifymd.com.

U.S. Bank Podcast Ad
Cash flow challenges like delayed insurance payments, unpaid patient bills, and rising administrative costs can weigh heavily on medical practices. U.S. Bank understands. That’s why their Business Card Consultants work with practices to improve payment strategies and maximize rewards.
Stop by booth #222 at the MGMA Leaders Conference to learn more, or visit usbank.com/bankerconnect to schedule an on-site meeting with a consultant.

MGMA Analytics Podcast Ad
Are your decisions driven by gut instinct—or by real data? With MGMA Analytics, you’ll have the benchmarking and business intelligence tools to guide smarter strategies. From provider compensation to operational costs, MGMA Analytics delivers the industry’s most trusted data. So whether you’re adjusting staffing, setting salaries, or planning for growth, you can make your next move with confidence. Learn more at mgma.com/analytics
MGMA Insights: Unlocking HR Strategies for Medical Practice Leaders with Cristy Good
Broadcast by